Global Table Lamp Market Is Likely to Experience a Tremendous Growth by 2028

The global table lamp market is estimated to grow at a CAGR of 12.5% during the forecast period (2022-2028). A table lamp is a device that uses an electric current to produce visible light. It is usually compact and modest in size, so it takes up less room and is easy to set on tables. The table lamps are portable gadgets that are utilized as reading lights. Lamps have been used since antiquity, with oil lamps being commonly utilized in most countries at first. Electric lamps were developed as a result of a rush in innovation and automation. Table lamps were created by combining modern technology and creativity with electric lamps. LED table lamps, task lamps, color white table lamps, designer lamps, wireless lamps, battery-driven table lamps, and decorative table lamps have recently sparked a new craze in the lighting industry.

Table lamps have been used since antiquity and have seen significant technological improvement in recent years. Table lights are utilised in both home and commercial settings, such as workplaces and offices. Increased consumer awareness of new products, advanced technology, incorporation of new features in table lamps, investment in innovation and automation, advancement in type of light used, rising demand for small and portable table lamps, launch of various designs, customised table lamps, wireless technology, automatic table lamps, battery operated table lamps, remote and mobile applications controlling system, voice detection enabled feature, warm white light, and hue light table lamps are multiple factors driving the global table lamp market. Additionally, the rising trend of energy-saving devices, availability of variants in various colours, table lamp as home décor, increased safety insulation, availability of replacement bulbs, reduced height and weight of table lamps, inclination toward smart home devices, and increase in disposable income are further contributing to the market growth. Expensive table lamps, greater competition, a drop in the trend of residential table lamps, the availability of alternative products, and other lighting devices are restraining the market growth.

The rising smart home trends have paved the way for the development of automated gadgets that are both functional and decorative for modern homes and workplaces. New trends in the table lamp industry have emerged as a result of the introduction of advanced features such as Bluetooth control and voice detection systems. Table lamps now come with a variety of illumination options, including LED, fluorescent, halogen, hue light, and others, expanding the table lamp selection to meet the needs of the consumer. Previously, table lamps were only used as study lamps, however, the development of attractive handmade and modern designer table lamps has opened up the possibility of using table lamps as decorative items in the home.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Application
o By Technology
o By Product Type
o By Distribution Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Koninklijke Philips NV, Osram Licht AG, and Panasonic Corp., among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Table Lamp Market Report by Segment

By Application
• Residential
• Commercial

By Technology
• LED
• Fluorescent
• Halogen
• Others

By Product Type
• Reading lamps
• Decorative lamps
• Others

By Distribution Channel
• Offline Channels
• Online Channels

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This release was published on openPR.